Planning Process

Seven-Step Planning Process for Customized Solutions

Because each organization is unique, our services are consultative, not cookie-cutter. Our seven-step planning process is designed to make sure the design, implementation and operation of your program is tailored to meet your objectives. As we seek the best solutions for you, we commit to understanding your needs and to exploring a range of viable alternatives to deal with the issues facing your company.

To achieve this end, our seven-step planning process consists of:

1. Discuss
   The first step is to consider the makeup of your executive group and the details of any existing plans within the context of your corporate objectives.
2. Design
   Once we understand your needs and help you crystallize your objectives, we design a preliminary program for your consideration.
3. Fund
   Next, we help design funding and security devices, and together with you, evaluate the plan based on benefits, cash flow, P&L impact, capital impact, benefit security and other factors.
4. Finalize
   Based on modifications made in Steps 2 and 3, we finalize the plan design.
5. Analyze
   Next, we analyze alternative financing options, funding vehicle design, and selection of most appropriate funding providers.
6. Implement
   After the plan design is approved, we assist with documentation, adoption, communication and participant enrollment.
7. Administration
   Equally important is to set up systems to provide record keeping, cash flow and P&L projections, reporting and regulatory disclosure.

No matter what your particular executive benefit plan challenges may be, NYLEX Benefits will develop customized solutions that reward and retain your best talent and that employ financing strategies that minimize cash and earnings pressure.